Getting started in bonds 2nd edition phần 3 ppt

... viable business again. The reason for the distinction between investment- grade and high-yield bonds is because at one time banks were allowed to invest only in bonds ranked in the top four rating ... be used for other things. INSURED BONDS Some investors like the added peace of mind that comes with buying insured municipal bonds. They are willing to forgo some yield to have an ins...

Ngày tải lên: 09/08/2014, 16:21

... falling as interest rates rise. This is because interest rates tend to rise when there is in a- tion in an attempt to keep in ation from getting out of control. Most bonds principal and interest ... in Series EE savings bonds, you receive the amount you invested as well as the compounded interest the bonds have earned. Only $15,000 in Series EE bonds ( $30 ,000 face amount) ma...

Ngày tải lên: 09/08/2014, 16:21

... price of a bond includes a fraction of a point, it is broken down into 1 /32 increments; 2 /32 is referred to as 1/16, 4 /32 as 1/8, 8 /32 as 1 / 4 , and 16 /32 as 1 / 2 . In bond pricing notations, ... year in interest, in other words, ($725 ÷ 2) or $36 2.50 per semiannual interest payment. Corporate bonds use a 36 5-day year, so this bond accrues $1.986 in interest a day ($725...

Ngày tải lên: 09/08/2014, 16:21

... 90-Day Moving Average ($$$) Market price of oil futures 90-day moving average FIGURE 13. 5 Moving average. FIGURE 13. 6 Rising trend line. and sending interest rates higher. You begin to get ... a drop in the savings rate is bullish for bonds because it is interpreted to mean that the econ- omy has slowed, causing people to dip into their savings. Disposable income = Personal income – ....

Ngày tải lên: 09/08/2014, 16:21

... 231 needs, identification of, 231 risk tolerance, 232 , 237 Investment clubs, 216 Investment Company Institute (ICI), 1 13 Investment firms, 35 , 224 Investment-grade bonds, 63 64 Investor’s Business ... 201 Indenture, 65–66 Index of Coincident Indicators, 207 Index of Lagging Indicators, 207 Index of Leading Economic Indicators (LEI), 206–207 Indications of interest, 128, 130 Indicator...

Ngày tải lên: 09/08/2014, 16:21

... cm.—(The getting started in series) Includes index. ISBN 0-471-271 23- 3 (pbk. : alk. paper) 1. Bonds. I. Title. II. Getting started in. HG4651 . W75 20 03 332 . 63 ' 23 dc21 2002 032 435 Printed in the ... Hill Getting Started in 401(k) Investing by Paul Katzeff Getting Started in Security Analysis by Peter J. Klein Getting Started in Global Investing...

Ngày tải lên: 09/08/2014, 16:21

... SEK SEK 9 .33 67 13. 98 6.1777 7.7001 6.1406 5 .36 25 9.0 631 4.6515 1.21 93 SELF DKK 7.6574 11.47 5.0666 6 .31 51 5. 036 1 4 .39 80 7. 433 0 3. 8149 SELF 0.8201 NZD 2.0072 3. 0060 1 .32 81 1.6554 1 .32 01 1.1529 ... painful leg traps for the unsuspecting individual investor. RISKS OF INTERNATIONAL INVESTING As mentioned at the beginning of our discussion about international investing, whe...

Ngày tải lên: 09/08/2014, 16:21

... issue with a sinking fund matures in 8 years, but the sink- ing fund is used to retire $250,000 of the issue in 5 years, $250,000 in 6 years, and another $250,000 in 7 years. You don’t know which bonds ... who are interested in selling. Most firms will do this, but not all. It is known as crossing bonds. The bonds are sold directly from one investor to another. The investment fir...

Ngày tải lên: 09/08/2014, 16:21

... discussed in Chapter 4, mortgage-backed bonds (MBSs) possess negative convexity. As interest rates drop and other bond prices are increasing, these bonds in- crease in value at a slower rate. As interest ... The nuance involved in predicting future in- terest rates comes from intuiting which indicators will exert the strongest in uence on the markets, which are best correlated...

Ngày tải lên: 09/08/2014, 16:21

... 5. 93% 12/89 7.84% 9/ 93 4.78 9/91 6.91 9/89 8 .33 6/ 93 5.05 6/91 7.88 6/89 8.02 3/ 93 5.24 3/ 91 7.76 3/ 89 9.47 12/92 6.00 12/90 7.68 12/88 9.14 9/92 5 .33 9/90 8.46 9/88 8.69 6/92 6.28 6/90 8 .34 ... working for you as soon as possible is the power of compounding. When you invest in bonds, the interest you earn can be reinvested and begin earning you interest. Then the in- ter...

Ngày tải lên: 09/08/2014, 16:21